Wes Edens: Investing in the Business and Sports Industries

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Wes Edens is a businessman who once dreamed of managing his own financial company. He graduated from the Oregon State University, taking up a Bachelor of Science degree, with a major in Finance and Business Administration. Knowing that his career would revolve around the financial and business sector, he started looking for a job at the top financial institutions in the country. After sending his resume to dozens of companies across the United States, The Lehman Brothers started contacting him, offering him a job as a managing director. He accepted the offer and began his career in the financial sector back in the year 1987.

Wes Edens started to know more about how a financial and investment firm works, and he also learned a lot of techniques based on his observation. He memorized these techniques by heart, hoping that he could also use it someday. He worked with the Lehman Brothers for six years, before he decided to quit and looked for a new job. In 1993, he was hired by the BlackRock Assets Investors, and he was given the position as a managing director, the same job title that was given to him at the Lehman Brothers. He met Rob Kauffman and Randal Nardone when he was an employee at the BlackRock Assets Investors, and together, the three planned to establish their financial and investment firm.

Wes Edens resigned from the BlackRock Assets Investors, and he joined the other three in establishing their own business. They named their new company as the Fortress Investment Group, and it was launched in 1998. It was difficult for them to manage an investment firm at first because they would have to get the trust of their clients. The three founders never surrendered, and they managed to get their first set of clients who will be working with them to success. Wes Edens and his colleagues have a great insight on how to manage their clients’ assets, and because of their impressive work, their clients started to refer them to other people, and their client base grew. From managing a few million dollars, the company is now known to handle $65 billion worth of assets.Aside from managing the Fortress Investment Group, Wes Edens is also known for managing sports teams, like the Milwaukee Bucks that is playing for the NBA, and the FlyQuest team that is playing for the League of Legends, an online MMORPG game.

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